- BONE holders favor price-based token burn plan on Shibarium.
- Voting sees 100,000 BONE support dynamic SHIB-BONE burn rules.
- SHIB burn rate drops sharply amid governance poll activity.
A primary vote is currently underway on the official Shiba Inu ecosystem website, where BONE holders are deciding how future token burns should be managed on the Shibarium network. The poll, which allows users to vote using their BONE holdings, is gaining significant traction as it introduces new options to reshape the burn strategy.
According to the @Bone_Shibarium account on X, more than 120,000 BONE tokens have already been used in the vote. Such a large participation indicates a rising interest in community-based governance of economic policies in Shibarium.
The present front-runner choice in the survey dictates a mechanism that uses prices. Through the plan, we now have BONE tokens burned when the price of the token is at least 2 dollars or less. In case the price surpasses 2 dollars, SHIB will be burned. The latter has been supported so far the most, gathering a total of 103,793.287 BONE votes.
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Additional opportunities on the poll are to burn SHIB tokens alone, which has thus far attracted 756.702 BONE in favor of the choice. The other proposal proposes a 50-50 ratio between SHIB and BONE burns, which attracted 17,108.524 BONE. In the meantime, the division of 70/30 in favor of SHIB burns has been supported by 89.496 BONE.
Such voting outcomes testify to the serious community support of such a flexible approach, which takes the market price of BONE into account to determine which bust to burn the token in. The broad margin of the proposal implies that new, more active tokenomics will enter the Shiba Inu ecosystem.
SHIB Burn Rate Plummets as Vote Gains Attention
While the vote continues to draw engagement, the SHIB burn rate has recorded a steep decline. According to recent statistics provided by Shibburn, the destruction of SHIB has declined by 95.08 percent, with just 313,491 SHIB destroyed within the past 24 hours.
The cumulative weekly burn is also reduced by 70.78 percent, as 34,515,020 SHIB ended up in dead wallets last week. Even though the overall volume fell, more than 410 trillion SHIB were still taken out of circulation.
Shiba Inu’s community governance is taking a more central role in critical decisions. Although Shytoshi Kusama has taken a back seat of leadership, he and lead developer Kaal Dhairya continue to contribute to the project, being mentioned and tagged in the official updates.
With the price-based burn option holding a clear lead, the outcome of this vote could significantly impact Shibarium’s burn mechanics. The result may introduce a more responsive system that adapts to BONE’s market behavior while maintaining control over SHIB’s supply.
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